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Trouble Ahead For The Housing Market

We're starting to see rising supply & flat/declining prices
Monday, July 16, 2018, 3:27 PM

Our good friend John Rubino over at DollarCollapse.com just released an analysis titled US Housing Bubble Enters Stage 2: Suddenly Motivated Sellers.

He reminds us that housing bubbles follow a predictable progression:

  • Stage 1: Mania -- Prices rise at an accelerating rate as factors like excess central bank liquidity/loose credit/hot foreign money drive a virtuous bidding cycle well above sustainably afforable levels.
  • Stage 2: Peak -- Increasingly jittery owners attempt to sell out before the party ends. Supply jumps as prices stagnate.
  • Stage 3: Bust -- As inventory builds, sellers start having to lower prices. This begins a vicious cycle: buyers go on strike not wanting to catch a falling knife, causing sellers to drop prices further.

Rubino cites recent statistics that may indicate the US national housing market is finally entering Stage 2 after a rip-roaring decade of recovery since the bursting of the 2007 housing bubble: » Read more

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bigbustours.com

Announcing The PP New York City Summit: Sep 16, 2018

With David Stockman! (this city only)
Friday, July 13, 2018, 2:30 PM

As committed, after having a terrific time traveling up the West Coast to hold Summits in San Francisco, Portland and Seattle, and then on to Denver and Austin, we're now bringing the same experience to more of the cities you've asked us to.

Next stop: New York City.

And this will be a particularly special event to attend. Why? Because we've scored a major coup: David Stockman will be joining us in person as co-presenter for the day!

So if you live in travel distance to NYC, come join us on Sunday September 16, 2018. You won't want to miss this! » Read more

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Why The Coming Oil Crunch Will Shock The World

And why we need a new energy strategy -- fast
Friday, July 6, 2018, 7:42 PM

A responsible global society should have a credible and very publicly-stated energy strategy providing a road map for weaning itself from fossil fuels before they become prohibitively expensive/scarce.

But since we don't have one, the alternative path we're taking is to sleepwalk into the future with no plan for feeding 9 billion people or re-building a crumbled global infrastructure -- let alone facing the additional challenges of running out of critical minerals, dealing with destroyed ecosystems, and being unable to field the necessary fuel and economic complexity to install a brand-new energy infrastructure measuring in the hundreds of quadrillions of BTUs.

This business-as-usual path will be marked by the three D’s: despair, demoralization, and death. » Read more

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It's Time To Care Again About Gold & Silver

Fundamentals and TA are signaling extreme undervaluation
Friday, June 29, 2018, 7:09 PM

It's been a while since I've covered the precious metals in an article. They've been range-bound for much of the past year, with few notable sector developments to report.

But I feel compelled to write about them today for two reasons:

  1. The probability of an upwards re-pricing of the precious metals is rising, and
  2. Both gold & silver are quite over-sold right now, technically-speaking.
Blog

The End of Growth

Either it ends, or we do
Friday, June 22, 2018, 7:57 PM

More and more, I hear that folks are feeling frustrated and betrayed, combined with a sense of loss and despair. I feel this way, too.

At a deep level, what ails us is not a host of unrelated, intractable problems, but the fact that our model of pursuing eternal economic growth simply isn't working anymore. It doesn’t work for the planet’s increasingly strained ecosystems, nor does it work for the bottom 99% of folks in society (i.e., the non-elites). The various health epidemics society suffers from today are merely symptoms of a larger acute spiritual crisis.

But viewed at a certain angle, this may be a good sign.

Why? Because in order to shift from one model to another, the old one first has to become unbearable. » Read more

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A Hard Rain's a-Gonna Fall

The prospects for the rest of the year are awful
Friday, June 15, 2018, 6:55 PM

As the Federal Reserve kicked off its second round of quantitative easing in aftermath of the Great Financial Crisis, hedge fund manager David Tepper predicted that nearly all assets would rise tremendously in response. 

History proved Tepper right: financial and other risk assets have shot the moon. Equities have long since rocketed past their pre-crisis highs, bonds continued rising as interest rates stayed at historic lows, and many real estate markets are now back in bubble territory. 

And everyone learned to love the 'Fed put' and stop worrying.

But as King Louis XV and Bob Dylan both warned us, what's coming next will change everything. » Read more

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kienyke.com

Facing The (Horrible) Future

Our fate directly depends on our courage to change it
Saturday, June 9, 2018, 12:45 AM

Travel with me to the future. Imagine that the year is now 2040. 

If we suddenly woke in that year, what would we see in the world?  More importantly, what would we not see? Which species would be missing? Which ecosystems will have utterly collapsed? » Read more

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Feeling Isolated?

If so, you're not alone
Thursday, June 7, 2018, 3:25 PM

Does anyone else in your life share your concerns for the future?

Is there someone you talk with regularly about the unsustainability of our current economic and ecological trajectories?

Do you have friends and/or family members who support your efforts to develop a more resilient lifestyle?

If you answered "no" to these questions, you're not an outlier. In fact, the #1 most commonly-reported complaint we hear from Peak Prosperity readers is that they feel alone and isolated when it comes to the warnings delivered in The Crash Course. » Read more

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thelorry.com

The Advantages Of Creating An LLC

Start creating income that you control
Friday, June 1, 2018, 7:44 PM

This week we release the next installment of our "news you can use" series. Recent articles have focused on reducing personal liability risk using umbrella insurance, making a 30x-higher return on your cash savings through the TreasuryDirect program, and getting a sound estate plan in place using wills and living trusts.

In this article, we outline the advantages of forming a business -- specifically, an LLC -- to create revenue, limit your liability, and reduce your taxable income. » Read more

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Prince Ea

Making It To The 4th Second

A hard-hitting delivery of the predicament humanity faces
Wednesday, May 30, 2018, 4:38 PM

As older guys in our forties and fifties, Chris and I realize that we're probably not the most compelling messengers to the Millenials and the generations behind them. So we're constantly looking for others who can be.

In that vein, this short video below from Prince Ea recently caught our attention. It delivers a hard-hitting emotional call-to-action for sustainability and resilience using much of the same data we frequently cite here at Peak Prosperity. » Read more